A lease is signed once and then costs you money for ten years at moments most occupiers do not prepare for.
Transaction facts
| Service | Rent review, lease renewal, surrender and assignment |
| Acting for | Occupiers only |
| Locations | Old Bond Street, Conduit Street, Brompton Road, Sloane Street, King’s Road, Borough |
| Clients | Include Prada, Mackintosh and Furla |
The brief
Most occupiers treat the lease as finished on the day it is signed. It is not. It contains a rent review that will be decided on evidence assembled years in advance, a renewal governed by a 1954 Act most tenants have never read, and an exit that can cost more than the years of occupation if it is handled badly.
What we did
We act on all of it, and only ever for the occupier.
Rent reviews
We have acted on successive reviews of the same Old Bond Street holding for the same client, years apart. Preparation is the whole game: a review is settled on comparable evidence and on the disregards clause, and both are decided long before the review date arrives. An occupier who starts thinking about it when the notice lands has already lost the argument.
Renewals and regears
A Conduit Street lease renewed for the same brand years after we secured it originally — which is the useful test of an adviser, because the person who negotiated the first lease knows exactly which clause is about to bite.
Surrenders and exits
Leaving a site without paying twice: surrender terms negotiated on Brompton Road, assignments handled on Sloane Street, a King’s Road surrender agreed.
The result
A lease is a ten-year relationship with three or four moments that decide what it cost. We are engaged for those moments as often as for the acquisition, and for the same reason: the other side has done this more recently than you have.